Cerity Partners LLC purchased a new stake in GrafTech International Ltd. (NYSE:EAF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 892,450 shares of the company's stock, valued at approximately $1,954,000. Cerity Partners LLC owned approximately 0.35% of GrafTech International at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Oak Thistle LLC bought a new stake in GrafTech International during the fourth quarter worth about $48,000. Strategic Financial Concepts LLC grew its position in GrafTech International by 251.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 40,530 shares of the company's stock worth $89,000 after acquiring an additional 29,006 shares during the last quarter. Clear Harbor Asset Management LLC increased its holdings in GrafTech International by 919.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 483,325 shares of the company's stock valued at $1,058,000 after purchasing an additional 435,925 shares in the last quarter. SG Americas Securities LLC acquired a new stake in GrafTech International during the 4th quarter valued at $59,000. Finally, O Keefe Stevens Advisory Inc. raised its position in GrafTech International by 1.6% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 1,559,840 shares of the company's stock valued at $3,416,000 after purchasing an additional 25,169 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors.
Insider Transactions at GrafTech International
In related news, major shareholder Colonial House Capital Ltd acquired 2,303,599 shares of the company's stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $1.78 per share, for a total transaction of $4,100,406.22. Following the completion of the acquisition, the insider now owns 29,535,575 shares of the company's stock, valued at approximately $52,573,323.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.
GrafTech International Trading Up 2.0 %
Shares of NYSE EAF traded up $0.03 during mid-day trading on Friday, hitting $1.51. The company's stock had a trading volume of 3,641,713 shares, compared to its average volume of 2,886,962. GrafTech International Ltd. has a one year low of $1.18 and a one year high of $5.32. The company's fifty day simple moving average is $1.53 and its 200-day simple moving average is $2.10. The company has a debt-to-equity ratio of 11.90, a current ratio of 3.54 and a quick ratio of 1.81. The stock has a market cap of $388.31 million, a price-to-earnings ratio of -1.51 and a beta of 1.14.
GrafTech International (NYSE:EAF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.13). GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The business had revenue of $137.10 million during the quarter, compared to analyst estimates of $141.20 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company's quarterly revenue was down 44.6% on a year-over-year basis. On average, sell-side analysts anticipate that GrafTech International Ltd. will post -0.52 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. UBS Group initiated coverage on GrafTech International in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $2.00 target price for the company. Royal Bank of Canada dropped their target price on shares of GrafTech International from $3.00 to $2.00 and set a "sector perform" rating for the company in a research note on Friday, February 16th. Citigroup decreased their price target on shares of GrafTech International from $4.00 to $2.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 10th. Finally, BMO Capital Markets dropped their price objective on shares of GrafTech International from $2.00 to $1.50 and set a "market perform" rating for the company in a research report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $1.88.
Get Our Latest Stock Analysis on EAF
GrafTech International Company Profile
(
Free Report)
GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.
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